PUBLISHER: IMARC | PRODUCT CODE: 1519407
PUBLISHER: IMARC | PRODUCT CODE: 1519407
Food Traceability Market Report by Technology (RFID/RTLS, Global Positioning System, Barcode, Infrared, Biometrics), Equipment, Application, End User, and Region 2024-2032
The global food traceability market size reached US$ 20.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 41.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.
Food traceability helps track the movement of a food product and its ingredients through all steps in the supply chain, forward and backward. It involves documenting and linking the production, processing, and distribution of different food products and ingredients. It helps governing authorities in product tracing during the outbreak of a foodborne illness to find the source of the product rapidly and where the contamination may have occurred. This enables faster removal of the affected product from the marketplace, thereby reducing incidences of foodborne illnesses.
Food Traceability Market Trends:
With the growing global supply chain, food safety is becoming a significant concern for consumers and regulators. This, coupled with the increasing number of deaths on account of food contamination, represents one of the key factors bolstering the growth of the market. Moreover, food traceability is a part of an overall cost-effective quality management system that can also aid in the continuous minimization of the impact of safety hazards. It also facilitates the rapid recall of products and the determination and settlement of liabilities. Besides this, food traceability aids in building trust and increasing certainty in food processing operations. This, along with the rising requirement for transparent information about the entire food chain, supported by modern tracking and tracing methods, is fueling the growth of the market. Furthermore, there is a rise in the adoption of blockchain technologies in food traceability, which enhances the ability to validate and authenticate food origin and improves brand credibility. Additionally, they help prevent fraud, enhance the capacity to better tackle outbreaks, minimize food testing expenses, and increase margins. This is projected to drive the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food traceability market, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, equipment, application and end user.
Breakup by Technology:
RFID/RTLS
Global Positioning System (GPS)
Barcode
Infrared
Biometrics
Breakup by Equipment:
PDA with GPS
Thermal Printers
2D and 1D Scanners
Breakup by Application:
Breakup by End User:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Food Traceability Market
6 Market Breakup by Technology
7 Market Breakup by Equipment
8 Market Breakup by Application
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
List of Figures
- Figure 1: Global: Food Traceability Market: Major Drivers and Challenges
- Figure 2: Global: Food Traceability Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Food Traceability Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Food Traceability Market: Breakup by Technology (in %), 2023
- Figure 5: Global: Food Traceability Market: Breakup by Equipment (in %), 2023
- Figure 6: Global: Food Traceability Market: Breakup by Application (in %), 2023
- Figure 7: Global: Food Traceability Market: Breakup by End User (in %), 2023
- Figure 8: Global: Food Traceability Market: Breakup by Region (in %), 2023
- Figure 9: Global: Food Traceability (RFID/RTLS) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Food Traceability (RFID/RTLS) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Food Traceability (Global Positioning System (GPS)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Food Traceability (Global Positioning System (GPS)) Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
